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Searchlight Innovations Inc T.SLX


Primary Symbol: V.SLX.P

Searchlight Innovations Inc. is a Canada-based capital pool company (CPC). The Company's principal business is the identification, evaluation and acquisition of assets or businesses with a view to potential acquisition or participation by completing a qualifying transaction. The Company has not commenced commercial operations. The Company neither engaged in any operations nor generated any revenues. The Company is focused on acquiring business across the mining industry.


TSXV:SLX.P - Post by User

Searchlight Innovations Inc > Eric Sprott defends selling his silver uni
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Comment by MudCreekeron May 03, 2011 12:50pm
384 Views
Post# 18523242

RE: RE: Eric Sprott defends selling his silver uni

RE: RE: Eric Sprott defends selling his silver uniIf you owned shares of PSLV which were trading at a 20% premium, and had a way to buy physical silver in quantity, and had the ability to store and safeguard it, and had more than half a brain (all of which I believe are true for Mr. Sprott) then of course you'd sell the PSLV and use the proceeds to buy 20% more silver.

That's what he's done.  Makes sense.  And when enough other owners of PSLV follow suit, the premium will drop to a more realistic level.  At which point I might even buy some.
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